Show simple item record

dc.contributor.authorManzo, Angelo Anthony
dc.date.accessioned2019-10-15T15:28:40Z
dc.date.available2019-10-15T15:28:40Z
dc.date.issued2019-05-30
dc.identifier.otherManzo_cornell_0058O_10538
dc.identifier.otherhttp://dissertations.umi.com/cornell:10538
dc.identifier.otherbibid: 11050237
dc.identifier.urihttps://hdl.handle.net/1813/67256
dc.description.abstractThis paper strives to analyze the driving factors of the monthly average prices of corn and soybeans between 2006 and 2016. The Global Food crisis of 2007 and 2008 subjected millions of people around the globe to increased levels of food scarcity. A wide array of academic studies have focused on the geopolitical and economic events of this time in an attempt to identify what caused such a rapid and dramatic increase in agricultural commodity prices. This paper in particular focuses on analyzing the biofuel policy implemented by the United States and other countries, with the intention of discovering a price relationship between agricultural and energy markets. The following analysis includes the use of structural vector autoregressive (SVAR) models to analyze factors that contribute to the price determination of corn and soybeans. These models utilize a structural form that is representative of widely supported economic theory. The variables included in both models are the United States Dollar exchange rate, global output, global stocks, and previously identified linkages amongst gasoline and biofuel prices. Results indicate that the monthly global prices of both corn and soybeans are highly affected by the value of the U.S. dollar, and the relationship amongst gasoline and biofuel prices. Surprisingly global output, and global stocks for each commodity are relatively insignificant in the determination of monthly average prices.
dc.language.isoen_US
dc.subjectAgriculture economics
dc.titleA Structural Analysis of Global Corn and Soybean Markets from 2006 - 2017
dc.typedissertation or thesis
thesis.degree.disciplineApplied Economics and Management
thesis.degree.grantorCornell University
thesis.degree.levelMaster of Science
thesis.degree.nameM.S., Applied Economics and Management
dc.contributor.chairJust, David R.
dc.contributor.committeeMemberIfft, Jennifer Ellen
dcterms.licensehttps://hdl.handle.net/1813/59810
dc.identifier.doihttps://doi.org/10.7298/gwyt-qh77


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record

Statistics